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Mojang: Bethesda refused offers to compromise on 'Scrolls' dispute
by Xav de Matos, Oct 04, 2011 6:15pm PDTRegarding the ongoing kerfuffle between Mojang Specifications and Bethesda Softworks, Minecraft creator Markus 'Notch' Persson says he is unclear as to why his company is being targeted, considering two offers to settle the naming dispute between both companies have been "refused."
The legal issue between both companies hinges on Mojang's use of the word 'Scrolls' for the its upcoming title. Bethesda, makers of The Elder Scrolls series, claims that Mojang's use of the word infringes on its own trademarks.
In response to a republished story on Kotaku which attempted to list the possible ins and outs of the legal battle, Persson claims his company offered to "give up" its original plan of trademarking 'Scrolls' as well as add a subtitle to its upcoming title. Both offers, he says, we rejected by Bethesda.
"Whatever reason they have for suing us, it’s not a fear of us having a trademark on the word 'Scrolls', as we’ve offered to give that up," Persson wrote on his blog.
The intent for seeking the 'Scrolls' trademark, Persson says, was because the company realized they should have applied for the trademark of its original title Minecraft. "When doing so, we also sent in an application for 'Scrolls'."
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Regarding the ongoing kerfuffle between Mojang Specifications and Bethesda Softworks, Minecraft creator Markus 'Notch' Persson clarified that he is still unclear as to why his company is being targeted after two offers to settle the dispute were shot down
Regarding the ongoing kerfuffle between Mojang Specifications and Bethesda Softworks, Minecraft creator Markus 'Notch' Persson clarified that he is still unclear as to why his company is being targeted after two offers to settle the dispute were shot down : Shacknews
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If Zenimax defaults, and goes into bankruptcy, the pledged collateral (probably shares of Bethesda) goes to creditors and the shell corp goes away, but Bethesda doesn't, anymore than GE would go bankrupt if some guy in Alabama with 20 shares filed for Chapter 7.
That's important, because you can have situations where a bankruptcy is more a function of cash flow insolvency and not balance sheet insolvency. Cash flow insolvency is when companies worth $1 billion dollars but with no cash on hand go under and have to sell their assets for $600 million because it's a fire sale.
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